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The Superintendency of Securities and Insurance
approved the issue of approximately 437 million shares.

Grupo Security S.A. has initiated the placement of a capital increase of approximately 437 million shares, which was approved during the Extraordinary Shareholders' Meeting held on April 27. The capital increase, which has already been authorized by the Superintendency of Securities and Insurance (SVS), set a placement price of CH$220 per share and seeks to raise approximately CH$100,000 million in order to capitalize the subsidiaries Banco Security and Inversiones Seguros Security, which include the companies Vida Security and Protecta, the latter in Peru.

The preferential subscription period for the capital increase for Grupo Security shareholders will last from July 25 through August 24.

This capital increase will allow Grupo Security to sustain growth above the industry rates and to strengthen the capital base of its main assets, Bank and Life Insurance. In the case of the former, this increase will give it a solid position in case of possible future capital requirements.

The capital increase placement process will be executed by Banchile Corredores de Bolsa S.A.

As of July 17, 2017, Grupo Security shares were worth CH$240 with an annual average increase of +7.5%, 12.8% and 14.4% over the past 5, 10 and 15 years, respectively, which is above the 2.8%, 4.1% and 11.7% registered by IPSA during the same periods.

Grupo Security is structured around four main business areas, each of which groups together subsidiaries and divisions that share business objectives. These areas are finance, insurance, investments and asset management, and complementary services.